Form 990 for tax year 2022
Filed by VIRGINIA FORESTRY EDUCATIONAL FOUNDATION.
Totals
- Total revenue
- $331,671
- Total expenses
- $327,801
- Contributions and grants received
- $101,401
- Grants paid
- $262,120
- Program service revenue
- $0
- Investment income
- $230,270
- Other revenue
- $0
- Total assets, end of year
- $7,927,370
- Total liabilities, end of year
- $273
- Net assets or fund balances, end of year
- $7,927,097
- Program services expenses (Part IX)
- $262,120
- Management and general expenses
- $62,162
- Fundraising expenses
- $3,519
- Program service expenses (Part III)
- $262,120
Program services were 80.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$101,401
-
3 · Investment income
total $221,999 · excluded $221,999
-
7a · Gross sales of assets other than inventory
securities $73,814
-
7b · Less cost or other basis and sales expenses
securities $65,543
-
7c · Gain or loss
securities $8,271
-
7d · Net gain or loss
total $8,271 · related or exempt $8,271
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $262,120 · program services $262,120
-
11a · Fees: management
total $26,000 · management and general $26,000
-
11c · Fees: accounting
total $6,600 · management and general $6,600
-
11f · Fees: investment management
total $24,702 · management and general $24,702
-
16 · Occupancy
total $682 · management and general $682
-
17 · Travel
total $380 · management and general $380
-
23 · Insurance
total $2,432 · management and general $2,432
-
24a · Other expenses: PRINTING AND MAILING
total $3,519 · fundraising $3,519
-
24b · Other expenses: MISC EXPENSES
total $692 · management and general $692
-
24c · Other expenses: MEALS AND ENTERTAINMENT
total $674 · management and general $674
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $82,633 · end of year $90,165
-
2 · Savings and temporary cash investments
beginning of year $698,815 · end of year $492,455
-
3 · Pledges and grants receivable
beginning of year $5,000
-
4 · Accounts receivable
end of year $1,000
-
9 · Prepaid expenses and deferred charges
beginning of year $1,964 · end of year $2,013
-
11 · Investments: publicly traded securities
beginning of year $8,596,559 · end of year $7,341,737
-
17 · Accounts payable and accrued expenses
end of year $273
-
27 · Net assets without donor restrictions
beginning of year $5,575,964 · end of year $4,544,877
-
28 · Net assets with donor restrictions
beginning of year $3,809,007 · end of year $3,382,220
Mission and programs · 2022
Mission
PROVIDE PERMANENT FINANCIAL SUPPORT FOR THE CHARITABLE, EDUCATIONAL AND RESEARCH ACTIVITIES OF THE VIRGINIA FORESTRY AND FOREST PRODUCT COMMUNITIES.
-
STUDENT SCHOLARSHIPS - VIRGINIA FORESTRY EDUCATIONAL FOUNDATION (VFEF) CONTRIBUTES BOARD APPROVED FUNDS TO VIRGINIA TECH'S FORESTRY SCHOOL AND RELIES ON THE SCHOOL'S JUDGEMENT AS TO WHO SHOULD RECEIVE THE INDIVIDUAL SCHOLARSHIPS. VIRGINIA TECH SENDS A LIST OF RECIPIENTS TO VFEF TO SUPPORT THE SCHOLARSHIP DISBURSEMENT.
Expenses $170,000 · Grants $170,000
-
SPECIAL EDUCATIONAL PROJECTS - REPRESENTS VARIOUS PRIZES AND AWARDS GIVEN TO 4-H, INTERNET WOODY PLANTS AND YOUTH EDUCATION, TEACHERS TOURS SE VIRGINIA, AND HOLIDAY LAKE FORESTRY CAMP FOR ACTIVITIES. THESE GROUPS SPONSOR ACTIVITIES RELATING TO THE FORESTRY INDUSTRY, CONSERVATION, SERVICES TO EDUCATE YOUTH ABOUT THE IMPORTANCE OF ENVIRONMENTAL AND FOREST PRODUCTS, AND OTHER RELATED EXPENSES.
Expenses $86,400 · Grants $86,400
-
PROJECT LEARNING TREE - A PROJECT UNDERTAKEN FOR THE PURPOSE OF CONDUCTING TRAINING WORKSHOPS FOR SCHOOL TEACHERS AND FOR PROVIDING FORESTRY EDUCATIONAL MATERIALS TO SCHOOLS IN VIRGINIA.
Expenses $5,720 · Grants $5,720
As filed on the 2022 return.
Listed in Part VII
-
Harold BurkartHAROLD BURKART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Matt DowdyMATT DOWDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lavan DaubermanLAVAN DAUBERMAN
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 5
-
Brad FullerBRAD FULLER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Mike HincherMIKE HINCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Beth HutchinsBETH HUTCHINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
E Glen Worrell JrE GLEN WORRELL JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Reaston LovingREASTON LOVING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Shannon McCabeSHANNON MCCABE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Carolyn MulliganCAROLYN MULLIGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ken MorganKEN MORGAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
James N YoungbloodJAMES N YOUNGBLOOD
TREASURER
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
VIRGINIA POLYTECHNIC INSTITUTE
$170,000
SCHOLARSHIPS
-
HOLIDAY LAKE 4-H
$31,000
YOUTH EDUCATION
-
LESS THAN 5000
$23,150
YOUTH EDUCATION
-
VIRGINIA TECH FOUNDATION
$11,750
SCHOLARSHIPS
-
MOUNTAIN GATE COMMUNITY COLLEGE
$8,000
SCHOLARSHIPS FOR EDU
-
JAMESTOWN 4-H CNTER
$6,500
YOUTH EDUCATION
-
TREASURER OF VIRGINIA TECH
$6,000
SCHOLARSHIPS
-
VIRGINIA PROJECT LEARNING TREE CO
$5,720
YOUTH EDUCATION
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501C6 · PROMOTING · VA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341359349305954
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